Which term is used to identify a bank's requirement for the borrower to give the bank the right to seize certain assets if payments are not made as promised?
Pledging accounts payable
Open-book credit
Pledging accounts receivable
Collateral
Trade acceptance

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The Answer of Which term is used to identify a bank's requirement for the borrower to give the bank the right to seize certain assets if payments are not made as promised?
Pledging accounts payable
Open-book credit
Pledging accounts receivable
Collateral
Trade acceptance

Which Term Is Used to Identify a Bank's Requirement for the Borrower